Yigit Taha OZTURK 
ApeCoin (APE) has broken its downtrend on the daily chart, reaching a technically significant turning point. The crypto asset is currently testing the bearish FVG (Fair Value Gap) zone, which will be decisive in the coming days.
Critical FVG Level and Potential Scenarios
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With increasing buying pressure recently, APE has entered a short-term uptrend. Technical analysts foresee two possible scenarios:
- Bullish Scenario: If the FVG zone is breached with high volume, $0.66 could become the new target
- Bearish Scenario: If rejected from this zone, a correction to $0.46 levels might occur
Market Dynamics and APE’s Position
Volatility in Bitcoin (BTC) and Ethereum (ETH) continues to impact altcoins. APE’s performance is particularly influenced by:
- Interest in NFT and metaverse projects
- Overall market risk appetite
- Volume movements at technical levels
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